International agricultural trade questions.
Find International agricultural trade university examination questions in acaproso.com
| # | Question |
|---|---|
| 1 | Price may equalize when two countries trade freely and if there are high transaction costs. True OR False |
| 2 | The impact of import tariffs and quotas are the same but tariffs are sources of government revenue while quotas cannot be a source of revenue. True OR False |
| 3 | The following methods are used to transfer funds both domestically and internationally ; Banker`s Drafts, Mail Transfers (MT) and Telegraphic Transfers (TT). True OR False |
| 4 | Mail transfer is also known as NON-PRIORITY SWIFT. True OR False |
| 5 | A Vostro account can simply be interpreted as “your account with us”. True OR False |
| 6 | The forward exchange rate between two currencies will depend on future value of the two currencies. True OR False |
| 7 | A forward currency is more valuable than the spot currency, the forward is said to be “at a premium” True OR False |
| 8 | Forward exchange rates are obtained by adjusting spot exchange rates with a “premium” , par or “discount”. True OR False |
| 9 | A bank draft is a cheque drawn by one bank on another or possibly in the case of domestic draft, upon itself. True OR False |
| 10 | The rate at which the dealer is buying the foreign currencies is known as BID RATE. True OR False |
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